Common use of Assumption of Risk by Borrower Clause in Contracts

Assumption of Risk by Borrower. As among Borrower and the ------------------------------ Lenders, Borrower assumes all risks of the acts and omissions of, or misuse of any of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the foregoing, subject to the provisions of the applications for the issuance of Letters of Credit, the Lenders, the Fronting Bank, and Administrative Agent shall not be responsible for:

Appears in 3 contracts

Samples: Credit Agreement (Renaissance Worldwide Inc), Credit Agreement (Renaissance Worldwide Inc), Credit Agreement (Renaissance Worldwide Inc)

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Assumption of Risk by Borrower. As Subject to paragraph (f) of this Section, as among Borrower the Borrower, the Issuing Bank and the ------------------------------ Lenders, the Borrower assumes all risks of the acts and omissions of, or misuse of any of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the foregoing, subject to the provisions of the applications for the issuance of Letters of Credit, neither the Lenders, the Fronting Issuing Bank, and nor the Administrative Agent shall not be responsible for:

Appears in 2 contracts

Samples: Credit Agreement (Lufkin Industries Inc), Credit Agreement (Lufkin Industries Inc)

Assumption of Risk by Borrower. As among the Borrower and the ------------------------------ Lenders, the Borrower assumes all risks of the acts and omissions of, or misuse of any of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the foregoing, subject to the provisions of the applications for the issuance of Letters of Credit, the Lenders, the Fronting Issuing Bank, and Administrative the Agent shall not be responsible for:

Appears in 1 contract

Samples: Credit Agreement (Lufkin Industries Inc)

Assumption of Risk by Borrower. As among Borrower and the ------------------------------ LendersCredit Parties, Borrower assumes all risks of the acts and omissions of, or misuse of any of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the foregoing, subject to the provisions of the applications for the issuance of Letters of Credit, the Lenders, the Fronting Bank, and Administrative Agent Credit Parties shall not be responsible for:

Appears in 1 contract

Samples: Loan and Security Agreement (Gni Group Inc /De/)

Assumption of Risk by Borrower. As among between Borrower and the Lender, ------------------------------ Lenders, Borrower assumes all risks of the acts and omissions of, or misuse of any of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the foregoing, subject to the provisions of the applications for the issuance of Letters of Credit, the Lenders, the Fronting Bank, and Administrative Agent Lender shall not be responsible for:

Appears in 1 contract

Samples: Credit Agreement (Blue Wave Systems Inc)

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Assumption of Risk by Borrower. As among Borrower and the ------------------------------ Lenders, Borrower assumes all risks of the acts and omissions of, or misuse of any of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the foregoing, subject to the provisions of the applications for the issuance of Letters of Credit, the Lenders, the Fronting Issuing Bank, and Administrative Agent shall not be responsible for:

Appears in 1 contract

Samples: Credit Agreement (Intervoice Inc)

Assumption of Risk by Borrower. As among Borrower and the Lender, ------------------------------ Lenders, Borrower assumes all risks of the acts and omissions of, or misuse of any of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the foregoing, subject to the provisions of the applications for the issuance of Letters of Credit, the Lenders, the Fronting Bank, and Administrative Agent Lender shall not be responsible for:

Appears in 1 contract

Samples: Loan and Security Agreement (Acr Group Inc)

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